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ASIC Warns of Risks in $200 Billion Private Credit Sector

11/5/2025

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Summary

Story summary

The Australian Securities and Investments Commission (ASIC) released a report on concerns in private credit.
The sector is valued at $200 billion, with 28 funds cited.
The report highlights inconsistent definitions of defaults and loan security, risking misrepresentation of non-performing assets.
It notes private lending accounts for about 70% of outstanding loans, mainly real estate.
The report calls for improved governance and transparency as superannuation funds invest in the sector.

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Story summary

The Australian Securities and Investments Commission (ASIC) released a report on concerns in private credit.
The sector is valued at $200 billion, with 28 funds cited.
The report highlights inconsistent definitions of defaults and loan security, risking misrepresentation of non-performing assets.
It notes private lending accounts for about 70% of outstanding loans, mainly real estate.
The report calls for improved governance and transparency as superannuation funds invest in the sector.